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STANDARD DETUCTION OF 40000 FOR AY 2019-20
Sir i want to know how to take the standard deduction of ₹ 40000. that weather i should take it on 80C like (150000+40000=190000) or before 80C like gross salary - 40000. sir please give with a example.. with clear explanation. thank you.
Replies (2)
"weather i should take it on 80C like (150000+40000=190000)"
NO
"or before 80C like gross salary - 40000."
Correct......
Standard deduction of 40,000 will be available under section 16(i)(a)
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